FD Calculator
Calculate maturity amount and interest earned on Fixed Deposits.
Formula
A = P × (1 + r/n)^(n×t)
- A = Maturity amount
- P = Principal (deposit amount)
- r = Annual interest rate (decimal)
- n = Compounding periods per year
- t = Time in years
How to Use
- Enter the deposit amount.
- Enter the annual interest rate.
- Select the tenure and compounding frequency.
- Click Calculate to see the maturity amount.
FAQ
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum for a fixed period at a predetermined interest rate. It is one of the safest investment options in India.
Is FD interest taxable in India?
Yes, FD interest is taxable as per your income tax slab. TDS of 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).